152 Grove Street

Long-term facility to support expanding Life Sciences operations

  • Abcam
  • 100,000 sq. ft.
  • Life Sciences
  • Boston
Services Provided
  • Transaction Management
  • Project Management
  • Consulting
Cresa Team
  • John Coakley
  • Paul Delaney
  • Barry Dubé
  • Amy Braun

client objectives and results

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Client Objectives

  • Engaged Cresa to identify viable real estate options to support expanding R&D and manufacturing operations.
  • Sought to consolidate their operations onto 1-2 floors and focus specifically on flex, industrial, and R&D buildings within mixed-use campuses.
  • Strongly preferred to stay within the inner-suburban market and be surrounded by like-minded companies in the life sciences community.


  • Leveraged Abcam’s desirable tenancy to be the “first in” at a re-purposed flex building in a multi-tenant life sciences campus.
  • Secured a long-term facility to expand Abcam’s presence in the Greater Boston life sciences community while achieving below market rents when compared to other campus tenants.
  • Achieved cost savings within the first year of the lease by leveraging Abcam’s initial footprint needs in a new facility as well as their future growth plan.